Raising rents in small increments over a period of time just means you will continue to lose money for a while, there's an increase in confusion ("I thought the next increase was in July!")

Another major factor was the rapid growth in the Boise, ID market with scarce build ready lots weighed heavily in a land owners favor.

It appears the bond market continues to call BS, remaining dubious that inflation will come down rapidly (or potential labor market weakening).And those traders may be right, at least for now.Fed Fund futures are now pricing in ~4 rate cuts in 2024, down from 6+, which it has fluctuated around the past few months.

Then, after a year, try to incrementally "improve" your living situation by finding a slightly nicer multifamily property. 

I have not moved forward with anything because of the insane rapid price increases in WH.

I was unable to sell it to the rapidly declining market conditions in 2008.

I would also recommend taking a look at the already-developing Point Breeze, West Passyunk, and neighborhoods in West Philly that are rapidly appreciating.

The only real incremental cost for owning vs renting is paying closing/commission when you exit.

Investment Info:Single-family residence buy & hold investment in Grand Rapids.

TX, FL also inflating rapidly.